Natwest Share Discussion Threads

[smurfy2001] 19/3/2021 10:25

hamhamham1, thanks for your posts, great to read about the buyback!

Shares outstanding 12.13bn
Free float 4.61bn
After directed buy back NWG will have in issue 11,575,835,427 (excluding treasury shares)
They should have cancelled the lot but instead have 200m of the 590.7m bought shares as treasury shares (kinda disappointing really!).

Still a hold for me.

[maxk] 19/3/2021 09:42

They didnt mention the con either. It should read about 19p.

[anthony100] 19/3/2021 09:35

If the government sold a 1.9 percent stake for 1.1bn the the bank would be worth 47 billion or so so that is balls as well.

[anthony100] 19/3/2021 09:33

As far as I can see the voting stake of HMG goes from 62 to 57 per cent. Treasury shares are not included as only available for issue.

[maxk] 19/3/2021 09:23

7:45am
Government sells 1.9pc stake in NatWest for £1.1bn



The Government has sold a 1.9pc stake in NatWest for £1.1bn, whittling down public ownership of the lender, which was nationalised during the financial crisis.

The Treasury sold 590.7m shares on Thursday at 190.5p per share, yesterday’s closing price. It now holds about 6.9bn shares in the bank, formerly called Royal Bank of Scotland, about 59.8pc of its total share capital.

The shares were originally bought at around 500p apiece, so the sale represents a hefty loss.

[anthony100] 19/3/2021 09:20

How does a 5 per cent buyback equate to a fall from 62 to 59.8 per cent.

Surely balls. FT has not removed Treasury shares.

[hamhamham1] 19/3/2021 07:52

Today's buyback and cancel should equate to approx a 3% share price rise IMO.

[hamhamham1] 19/3/2021 07:47

NWG are removing a lot of the buy back shares from circulation, so this should instantly boost share price.

"NWG intends to cancel 390,730,325 of the purchased Ordinary Shares and hold the remaining 200,000,000 Ordinary Shares in treasury."

And Lloyds will buy back on open market and remove them, causing a same reaction.

[hamhamham1] 19/3/2021 07:43

Yep, lloyds now has no gov stake. But lloyds themselves will start buying back shares off the open market, to reduce the number of shares in issue, mark my words ;)

[leadersoffice] 19/3/2021 07:35

hamhamham1

I'm sure the Govt sold there holding in Lloyds during the Cameron/Osborne adminstration?

[hamhamham1] 19/3/2021 07:08

NWG buyback continues, I expect Lloyds to do the same soon (but not from the gov)

NatWest Group plc

19 March 2021

Off-market purchase of 590,730,325 ordinary shares from Her Majesty's Treasury ("HM Treasury")

NatWest Group plc (the "Company" or "NWG") has agreed with HM Treasury to make an off-market purchase (the "Off-Market Purchase") for the total consideration of £1,125,341,269 for 590,730,325 ordinary shares in the Company with a nominal value of £1 each ("Ordinary Shares") at a price of 190.50 pence per Ordinary Share, being yesterday's closing price of the Ordinary Shares on the London Stock Exchange.

[cassini] 19/3/2021 03:20

Couple of big sells from two CEOs of different NWG divisions on the 16th. Why they sold so much (one sold nearly £400k worth) is a bit concerning, but may be simply to do with tax minimisation as we are very near the end of the financial year?

[delphiman] 17/3/2021 14:06

www.nhs.uk/book-a-coronavirus-vaccination/book/Appointment/Index/c251499f-8a35-43cb-b480-89024bb68367?data=LDzR38sTSbFk9jTVzV93t4FTg4R5ATIBnHoU8L4tGaiWp8FVXV5nxUNislY5GktRNESpKyEQW%2FBucPHicCb48Df7ZHNY8yL9o8VTss1zS%2FOUyLUGBwfXdB0uGRUW0oFJaB4ukF2CDDczRAqzHr2aTgmsIGYo097IfhuYWmvZph3faaLTV5oFbzxe5otCs8xxK7nBhHpI2cqCeCe0%2Bh9YCph7xS9VA6xz2%2Fl0nFPxulx%2F6Zppl2tHYKuM3rgD6%2BhCGGYg5jPZeoUn%2BowO5AunczcUChQOad0iD2HyVN1D8mo%3D

[delphiman] 17/3/2021 14:06

Get you Jab done if you 50 and over, Roll Call
hxxps://news.sky.com/story/everyone-aged-50-or-over-in-england-can-now-book-a-coronavirus-vaccination-12248533

book here

hxxps://www.nhs.uk/book-a-coronavirus-vaccination/book/Appointment/Index/c251499f-8a35-43cb-b480-89024bb68367?data=LDzR38sTSbFk9jTVzV93t4FTg4R5ATIBnHoU8L4tGaiWp8FVXV5nxUNislY5GktRNESpKyEQW%2FBucPHicCb48Df7ZHNY8yL9o8VTss1zS%2FOUyLUGBwfXdB0uGRUW0oFJaB4ukF2CDDczRAqzHr2aTgmsIGYo097IfhuYWmvZph3faaLTV5oFbzxe5otCs8xxK7nBhHpI2cqCeCe0%2Bh9YCph7xS9VA6xz2%2Fl0nFPxulx%2F6Zppl2tHYKuM3rgD6%2BhCGGYg5jPZeoUn%2BowO5AunczcUChQOad0iD2HyVN1D8mo%3D


This is why the market has just jumped, Normality is returning, shares and life is on the up :)

[gcom2] 17/3/2021 13:43

l/t post brexit target 345p

[portside1] 16/3/2021 15:40

Directors sold again at the top 188

[arja] 16/3/2021 14:44

if that is only reason , it is not a massive concern . even VMUK has pulled back after hitting 200 level !

[chiefbrody] 16/3/2021 14:27

Hardly surprising given the latest news. More fines on the way.

[arja] 16/3/2021 12:20

yes , NWG performing poorly today in such a bullish market . VMUK seems to be best one apart from BGEO .

[delphiman] 16/3/2021 08:28

NWG is really performing rubbish against the other banks, Barclays has nearly over taken it, when has Barclays price ever been better. Looks like its it needs to make some headway to put itself back inline.

[maxk] 16/3/2021 08:22

City watchdog accuses NatWest of money laundering failings
The regulator claims that the bank's systems and controls 'failed to adequately monitor and scrutinise this activity'

By
Simon Foy
16 March 2021 • 7:47am


The City watchdog has launched criminal proceedings against NatWest for money laundering offences.

The Financial Conduct Authority said the bank allegedly failed to comply with money laundering regulations between November 2011 and October 2016, arising from the handling of the accounts of a UK incorporated customer.

The FCA alleges that increasingly large cash deposits were made into the customer’s accounts. In total, around £365m was paid into the accounts, of which around £264m was in cash.

The regulator claims that NatWest's systems and controls "failed to adequately monitor and scrutinise this activity".

The lender said: "NatWest Group takes extremely seriously its responsibility to seek to prevent money laundering by third parties and accordingly has made significant, multi-year investments in its financial crime systems and controls."

[maxk] 12/3/2021 15:27

NatWest Group Winds Down SME Lending Platform Esme Loans
12/03/2021 12:38pm
Dow Jones News

NatWest (NYSE:NWG)
Intraday Stock Chart

Friday 12 March 2021



NatWest Group PLC said Friday that it is closing its digital-lending platform for small and medium enterprises Esme Loans.

"Esme Loans is being closed and is not accepting any new loan applications. Businesses that currently have a loan with us are not affected by this decision and are still able to log into their dashboard as usual," the platform said in a notice on its website.

Esme was founded in 2016 by four entrepreneurs from NatWest, according to its website.

A NatWest spokesperson said the FTSE 100 lender decided to wind down Esme Loans after careful consideration, but that it will continue to test and invest in innovative banking services.

"We are prioritising our investment spend across the bank on products and services that allow us to provide the best possible support for customers and colleagues. This is more critical than ever given that the pandemic has fundamentally changed the market in which we operate, and the support which our customers need," the spokesperson said.

[johnwise] 09/3/2021 09:14

Starting today, tomorrow and Thursday, the US Treasury will hold a total of $120bn auctions of government bonds in the 3-year, 10-year, and 30-year tenors.


All eyes will be on the bid-to-cover ratios after a recent 7-year auction saw that ratio slump. If markets’ appetite for US government debt at these levels disappoints, Jeffrey Halley, senior market analyst at OANDA, expects “more equity market carnage for a start,” and US Dollar strength.

“Although the US Treasury already has the balances available to start disbursing the $1.90 trillion Biden stimulus, the government was already running eye-watering deficits anyway. A trillion dollars per annum in the latter half of the Trump term,” he told City A.M. this morning.

“So even setting stimulus packages aside, the US government has an impressive underlying borrowing appetite,” Halley noted.

[johnwise] 09/3/2021 08:41

Markets

Chinese government-backed funds snap up stocks to halt plunge

Correction comes amid worries of asset bubbles, US yields and overvaluation
HONG KONG -- Funds backed by the Chinese government on Tuesday bought shares to limit the rout in domestic stocks after China's main index tumbled into correction territory.

Traders said that brokers linked to the funds, which often are referred to as the "national team" for the role they play in stopping rapid falls in China's equity markets, were active in morning trading in the mainland and through the cross-border Stock Connect program, which allows investors in Hong Kong to buy yuan-denominated shares.

The support, which comes amid the National People's Congress meeting in Beijing helped the markets trim losses for the day. The NPC is the most important governmental event of the year in China, where authorities monitor market developments closely.

Investors have dumped stocks on fears they are overvalued and are vulnerable to rising U.S. bond yields. They also have been worried over a faster-than-expected fiscal and monetary policy normalization in China after regulators warned of asset bubbles.